Nuveen Asset Management LLC Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nuveen Asset Management LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 34.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,288 shares of the transportation company's stock after selling 167,443 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of Expeditors International of Washington worth $35,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $25,000. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $39,000. Colonial Trust Co SC boosted its position in shares of Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $1.14 during mid-day trading on Monday, reaching $112.55. 1,102,868 shares of the company were exchanged, compared to its average volume of 1,291,888. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The business has a fifty day moving average of $112.08 and a 200 day moving average of $114.49. The firm has a market cap of $15.41 billion, a P/E ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is 25.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. UBS Group dropped their price target on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Barclays cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Finally, Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.